Latest news with #Goregaon
Hindustan Times
6 days ago
- Business
- Hindustan Times
Fractal Analytics files IPO papers in endeavour to become first listed AI company in India
Fractal Analytics has filed draft IPO papers with India's market regulator in its endeavour to become the first listed AI company in India. Fractal Analytics is also eyeing a pre-IPO anchor placement of up to ₹ 255.8 crore.(PTI) The enterprise AI company, which was founded more than two decades ago, aims to raise ₹4,900 crore via a fresh issue of shares worth ₹1,279.3 crore and an offer for sale of ₹3,620.7 crore, according to its draft red-herring prospectus filed with the Securities and Exchange Board of India. The company is also eyeing a pre-IPO anchor placement of up to ₹255.8 crore. The price band and the tentative timeline of the Fractal Analytics IPO wasn't immediately available. Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics counts several Fortune 500 companies—Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla—as its clients for data-driven insights and decision-making through end-to-end AI solutions. Backed by marquee investors like TPG, Apax and Gaja Capital, the Goregaon, Mumbai-based company has domain expertise in sectors across FMCG to media and telecom. To be sure, unlike its tech-driven startup peers, Fractal Analytics is a profitable company. The company's revenue from operations increased 25.9% year-on-year to ₹2765 crore in FY25, even as net profit jumped more than fourfold to 22 crore. The EBITDA margin—a key measure of operational profitability of a company—stood at 17.6% in FY25 as against 10.6% in FY24. Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd. Axis Capital Ltd. and Goldman Sachs (India) Securities Pvt. Ltd. are the book-running lead managers to the Fractal Analytics IPO.
Time of India
27-06-2025
- Business
- Time of India
Real estate upcycle to stay strong for 2-3 years; premium launches to drive growth: Ronald Siyoni
he real estate sector remains firmly in an upcycle, currently in its third or fourth year. While larger players are now contending with a high base effect, they are still expected to deliver strong year-on-year growth given their scale. Meanwhile, smaller developers are targeting 20–30% pre-sales growth over the next two to three years. According to Ronald Siyoni, ICICI Securities, overall, the momentum is expected to continue for at least another two to three years before the sector potentially enters a plateau phase. ET Now: The view in the market generally is that the inventory backlog which historically has plagued the sector now seems to be fading away. Is that true? Ronald Siyoni: So, yes, the inventory backlog has been fading away and we have seen the data for quarter one like Anarock data also has been in the media that there has been dip in the housing sales. But yes, few segments are there like affordable category has been underperforming since covid because of high interest rates, but the listed space actually in the real estate, there is listed developers have moved away from the affordable segment quite few years back and they cater to the more upper middle income or say luxury to premium segments. What we have been seeing during Q1 till date is that they have got a phenomenal response from the projects which they have launched. If we see the Oberoi's Goregaon launch or we see DLF 's NCR launch of Privana North, even Godrej Properties , during quarter one, has sold good enough. So, quarter one for these real estate companies for larger players looks very promising and comparing the YoY growth, they should be having a good growth for quarter one as well. So, specific launches, bigger launches in the specific categories are performing very well despite the overall sluggishness, which has been there in the affordable or say lower mid-income category of housing. ET Now: But some experts do believe that we are still in that up cycle for real estate which lasts long for almost a decade. Yes, it started post covid. So, help us understand that how far are we in this real estate upcycle and do you believe that it is still there for the Indian markets? Ronald Siyoni: Yes, very true. So, we are in the third to fourth year in the upcycle of the real estate sector, and now we are seeing high base little bit catching up for larger players to growYoY is a very strong growth expectation considering their size. And the smaller players in the real estate space are eyeing still 20% to 30% pre-sales growth for at least the next two to three years. So, still, we are in the upcycle. There are still at least two to three years to go before we hit a plateau and see a probability of a declining trend. But right now, we are in the upcycle as of now. ET Now: What would your stock-specific recommendations be from the real estate space, because if you take a look at the quarter gone by and the earnings that we have seen, some companies have very largely outperformed. On the flip side, at the other end of the spectrum, some companies are very largely underperformed. How should one approach the real estate space right now in terms of investment? Ronald Siyoni: So, rightly said that a few companies have drastically outperformed and a few have missed. But we have been structurally positive on the real estate sector, and selectively we prefer a few companies like DLF. We prefer in the largecap space DLF, Oberoi Realty , Phoenix Mills , these are all largecap names. In the midcap space, we prefer Arvind SmartSpaces , Max Realty, then Aditya Birla Real Estate . So these are in the midcap space, and we like the real estate sector. We see that this year the performance should be good, and the start for the larger players has been very good. In H2, there are many launches to be done and high ticket size launches and big projects are expected to be launched during quarter three and quarter four of this fiscal year and there which should give further momentum. So, these are the overall picks in the real estate space. Live Events
Economic Times
27-06-2025
- Business
- Economic Times
Real estate upcycle to stay strong for 2-3 years; premium launches to drive growth: Ronald Siyoni
The smaller players in the real estate space are still eyeing 20% to 30% pre-sales growth for at least the next two to three years Synopsis The Indian real estate market remains in a strong upcycle with larger players like DLF and Oberoi Realty continuing to report robust pre-sales. While affordable housing faces challenges, the premium and luxury segments are driving growth. Interest rate cuts could revive mid-income demand over time, especially in high-affordability markets like Pune and Ahmedabad. he real estate sector remains firmly in an upcycle, currently in its third or fourth year. While larger players are now contending with a high base effect, they are still expected to deliver strong year-on-year growth given their scale. Meanwhile, smaller developers are targeting 20–30% pre-sales growth over the next two to three years. According to Ronald Siyoni, ICICI Securities, overall, the momentum is expected to continue for at least another two to three years before the sector potentially enters a plateau phase. ADVERTISEMENT So, yes, the inventory backlog has been fading away and we have seen the data for quarter one like Anarock data also has been in the media that there has been dip in the housing sales. But yes, few segments are there like affordable category has been underperforming since covid because of high interest rates, but the listed space actually in the real estate, there is listed developers have moved away from the affordable segment quite few years back and they cater to the more upper middle income or say luxury to premium segments. What we have been seeing during Q1 till date is that they have got a phenomenal response from the projects which they have launched. If we see the Oberoi's Goregaon launch or we see DLF's NCR launch of Privana North, even Godrej Properties, during quarter one, has sold good enough. So, quarter one for these real estate companies for larger players looks very promising and comparing the YoY growth, they should be having a good growth for quarter one as well. So, specific launches, bigger launches in the specific categories are performing very well despite the overall sluggishness, which has been there in the affordable or say lower mid-income category of housing. Yes, very true. So, we are in the third to fourth year in the upcycle of the real estate sector, and now we are seeing high base little bit catching up for larger players to growYoY is a very strong growth expectation considering their size. And the smaller players in the real estate space are eyeing still 20% to 30% pre-sales growth for at least the next two to three years. So, still, we are in the upcycle. There are still at least two to three years to go before we hit a plateau and see a probability of a declining trend. But right now, we are in the upcycle as of now. So, rightly said that a few companies have drastically outperformed and a few have missed. But we have been structurally positive on the real estate sector, and selectively we prefer a few companies like DLF. We prefer in the largecap space DLF, Oberoi Realty, Phoenix Mills, these are all largecap names. In the midcap space, we prefer Arvind SmartSpaces, Max Realty, then Aditya Birla Real Estate. So these are in the midcap space, and we like the real estate sector. We see that this year the performance should be good, and the start for the larger players has been very good. In H2, there are many launches to be done and high ticket size launches and big projects are expected to be launched during quarter three and quarter four of this fiscal year and there which should give further momentum. 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Khaleej Times
22-06-2025
- Entertainment
- Khaleej Times
Marathi actor Tushar Ghadigaonkar found dead in Mumbai flat
Actor Tushar Ghadigaonkar, best known for his performances in Marathi films, has died. The actor, according to the Mumbai Police, was found dead in his home. "A message was received from the main control room stating that an unconscious person was found in Room No. 102, R4, Ram Mandir Road, Mumbai's Goregaon West, and police assistance was required," the police said. "Upon reaching the location, an unconscious individual was found lying on the ground. He was transported to Trauma Care Hospital, where the medical officer examined him and declared him brought dead." Ghadigaonkar, 34, had a drinking problem and was under stress for the past year, the police said. A statement was recorded from the relatives, who stated they had no suspicion or complaint against anyone. Further details are awaited.
Khaleej Times
19-06-2025
- General
- Khaleej Times
India plane crash: Pilot Clive Kunder cremated in Mumbai
Coping with the death of a loved one, especially a family member, is unimaginable. And on Thursday, in Mumbai, in the financial capital of India, a pale of gloom descended in the Kunder household. First Officer Clive Kunder, who lost his life in the ill-fated Air India crash last week, was cremated. The 32-year-old Clive Kunder's last remains were flown in from Ahmedabad in the morning and was kept at his residence in Goregaon West, the western suburbs, for family, friends and others to pay their last respects. And in a touching tribute, Air India remembered Clive's dedication and his passion for flying. "With heavy hearts, we bid farewell to First Officer Clive Kunder —- a young aviator full of promise, a valued colleague, and a deeply cherished member of the Air India family," the airline said in a post on X. #WATCH | Mumbai | Mortal remains of Clive Kunder, co-pilot of the Air India plane that crashed in Ahmedabad on June 12, being taken for last rites — ANI (@ANI) June 19, 2025 "Clive's quiet dedication, grace, and passion for flying earned him the admiration of everyone who had the privilege of working alongside him. At his prayer and funeral service, senior leaders from Tata Group and Air India stood beside his family, friends, and loved ones — to honour his memory, share in their grief, and offer strength during this incredibly difficult time. We extend our deepest condolences to Clive's family. In this moment of profound loss, we stand with you — in remembrance, in sorrow, and in solidarity. Clive's spirit, warmth, and legacy will always remain a part of Air India. You will be remembered. You will be missed," the flagship carrier added. On Tuesday, the flight's captain Sumeet Sabharwal's cremation had taken place in Mumbai. Both the pilots had a combined flying experience of 9,300 hours. Captain Sabharwal had a flying time of 8,200 hours, while Kundar had 1,100 hours. Air India flight AI 171 bound for Gatwick, London, had just taken off from Runway 23 of the Sardar Vallabhbhai Patel International Airport in Ahmedabad on June 12, before the Boeing 787-8 Dreamliner plunged into a residential area of Meghani Nagar.
